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Foundation Ventures

23a Ismail Mohamed Street El Zamalek, Cairo, Al Qahirah, Egypt

Overview

Foundation Ventures is an early-growth stage venture capital fund that backs founders building industry-defining companies. The firm unlocks massive growth for our portfolio companies by giving them access to the largest network of distribution channels across the region. Foundation Ventures was established in 2018 and is based in Cairo, Egypt.

Total investments
18
Lead investments
3
Investments · 12mo
3
Active investors
3

Sector focus

  • Venture Capital
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Investment portfolio

  • Prolo

    Participated · Seed · Jul 2026

    Prolo combines AI with human procurement specialists to act as an outsourced procurement team for SME contractors, enabling orders via WhatsApp, email or phone. The platform sources competitive pricing from a nationwide network of more than 185 suppliers and provides access to trade rates and specialist plant hire typically reserved for larger contractors. Prolo offers flexible credit terms of up to 90 days to help customers manage cash flow and take on larger projects. Founded by serial proptech entrepreneur James Morris-Manuel, the company aims to modernise long-standing inefficiencies in construction procurement. Prolo plans to expand its sales and marketing efforts and accelerate development and rollout of new technology and product features following its seed raise. The company has focused on addressing price transparency and procurement manual processes that have disadvantaged smaller contractors.

  • Flextock

    Participated · Series A · Feb 2026

    Flextock is an Egypt-founded startup building what it calls an “operating system” for e-commerce across Egypt and Saudi Arabia. Its single platform lets online merchants manage warehousing, fulfilment, last-mile delivery aggregation, cross-border shipping, multi-channel sales access and working-capital financing. By unifying these typically fragmented services, the company aims to eliminate service gaps, improve visibility and boost operational efficiency for small and mid-sized merchants. The embedded finance module leverages logistics data to underwrite and collect repayments, turning fulfilment volumes into a credit-distribution advantage. Management believes the modular suite can increase revenue per customer as merchants adopt additional features over time. Proceeds from the latest round will fund expansion of operational infrastructure, enhancement of the end-to-end product suite and accelerated merchant acquisition in its core markets. No public operating metrics such as revenue or user counts were disclosed in the article.

  • Aydi

    Participated · Seed · Oct 2025

    Founded in 2022 by Hassan Fayed, Aydi offers a B2B software suite that lets farmers manage field operations, labor, inputs, costs, traceability, and agronomy decisions from a single platform. The system blends satellite monitoring, predictive analytics, and conversational AI to generate plot-level insights that improve yields and reduce input waste. Its flagship product, Orth, acts as a real-time AI agronomist, guiding growers through challenges such as rising input costs, climate volatility, and limited expert availability. The company’s mission is to make world-class agronomy expertise accessible to every grower, regardless of farm size or location. With new capital in hand, Aydi plans to launch Orth globally and further enhance its AI and predictive analytics capabilities. The platform targets professional growers worldwide and positions itself at the intersection of SaaS, AI, and agriculture. The $7.5 million seed round is the company’s first disclosed fundraising, providing resources to scale product development and international expansion.

  • OpenFi

    Participated · Seed · Jul 2024

    OpenFi builds SalesTalkAI, a conversational AI platform that generates human conversations over WhatsApp, email and socials to filter, qualify and nurture leads. SalesTalkAI lets human teams focus on high-value leads, scales sales, and communicates with existing customers to improve renewal conversion without extra human effort. OpenFi's initial customers are in financial services; nine months after launch a three-month pilot with a mortgage brokerage tripled conversion and revenue. The company plans to expand the product team, build the second version of the platform, integrate with a UK financial institution, and work closely with the FCA on AI compliance. OpenFi has raised £500,000 in pre-seed financing to support these product and compliance initiatives.

  • Swypex

    Participated · Seed · May 2024

    Swypex offers an all-in-one corporate card and financial management platform that issues an “unlimited” number of employee cards with smart controls, limits, and usage permissions. The platform centralizes receipts, invoices and spending data into a single dashboard with integrations to the government e-invoicing system, ERP and accounting software. It provides analytics and automated expense categorization to give businesses visibility into spend by department, merchant, individual and category. The startup launched a beta to 100 customers after spending its first year securing licenses, compliance and banking partnerships, and it emerged from stealth in late 2023. Swypex generates revenue from interchange fees, float and FX markups, and offers businesses their first three cards for free. The company is targeting a portion of a payments market the founders estimate at over $10 billion, with an expected ~10% CAGR over the next three years.

Team

  • Mazen Nadim

    Managing Partner

    LinkedIn
  • Omar Barakat

    Managing Partner

  • Ziyad Hamdy

    Co-Founder / Managing Partner

    LinkedIn